GB Pound Turns Positive vs Euro & Dollar

News of the UK’s fall in borrowing didn’t result in much upward movement.

However, reports have recently been released stating that the UK economy is in growth territory in January.

At the same time, the Eurozone has seen reports of the opposite.

This has led to the Pound hitting its highest rate vs the Euro in 4 months.

Most expect the ECB to hold their interest rates again once it is announced this week. With this, the Pound could continue to gain vs the Euro.

As for GBP/USD, it has been a week of uptrend in favour of the Pound, surprising forecasters.

Many were waiting for negative reports on the UK economy, and the Dollar was the one tipped to see gains.

Goes to show how hard it is to predict these markets!

But with releases around US durable goods and GDP set to be announced over the next two days, changes could still occur.

Elsewhere, following weeks of gains for the Pound, GBP/NZD has remained choppy over the last 7 days.

New Zealand announced a fall in inflation from 5.6% to 4.7%. This seems to have helped steady the ship.

That’s all for this week.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you want to discuss the current market trends further then be sure to give a member of our team a call on 01872 487 500.

For the latest rates, please click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
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Current rates: 

Thursday 25th January 2024 at 10.00

£1.00 GBP = 1.1685 EURO

£1.00 GBP = 1.2730 USD

£1.00 GBP = 1.9325 AUD

£1.00 GBP = 2.0780 NZD

£1.00 GBP = 1.7190 CAD

£1.00 GBP = 1.0990 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• Need to Send Money Abroad?

  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
  • We are pleased to offer our customers favourable exchange rates on international currency transfers.
  • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
• All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

Surprising Boost for the Pound As UK Inflation Rises

Surprising news for the Pound this week with the release of UK inflation data.

UK inflation rose in December to 4.0% despite many thinking it would drop to 3.8%.

The first increase in the rate since February 2023.

The expectation was that drops were on the horizon for GBP with news of a fall in UK inflation.

In fact, the Pound-to-Euro rate is currently seeing its highest levels of 2024 so far.

With the ECB’s interest rate decision (January 25th) just around the corner, it’ll be intriguing to see if they continue to hold their rates steady.

For GBP/USD, the rate has for the most part seen a slight downtrend over the last 7 days, but the inflation news has caused a slight gain back, in favour of the Pound.

Elsewhere over the last 7 days, the Pound continues to see a slight uptrend against the Aussie and New Zealand Dollar.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

Get in touch if you would like to discuss current rates and your own currency strategy.

You can speak to a member of our team on 01872 487 500.

To find out the latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Thursday 18th January 2024 at 10.45

£1.00 GBP = 1.1645 EURO

£1.00 GBP = 1.2680 USD

£1.00 GBP = 1.9315 AUD

£1.00 GBP = 2.0714 NZD

£1.00 GBP = 1.7010 CAD

£1.00 GBP = 1.0963 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• Need to Send Money Abroad?

  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
  • We are pleased to offer our customers favourable exchange rates on international currency transfers.
  • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
• All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

Market Update - Plenty Happening in 2024

Some interesting moves this week.

The Pound to Euro rate has been pretty steady despite German exports smashing forecasts.

Normally you would expect GBP/EUR to drop on that news (due to a rise in the Euro).

The lack of reaction is a bullish sign for the Pound.

I suspect investors are instead focusing on the expectations of an interest rates cut ahead of the Bank of England.

GBP/USD has been creeping up over the past week.

The Pound started 2024 poorly against the Dollar, but yesterday briefly hit highs for the year.

We’ve also seen the Pound climbing against the Aussie Dollar.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

Get in touch if you would like to discuss current rates and your own currency strategy.

You can speak to a member of our team on 01872 487 500.

To find out the latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 10th January 2024 at 11.45

£1.00 GBP = 1.1622 EURO

£1.00 GBP = 1.2721 USD

£1.00 GBP = 1.8978 AUD

£1.00 GBP = 2.0397 NZD

£1.00 GBP = 1.7017 CAD

£1.00 GBP = 1.0848 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• Need to Send Money Abroad?

  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
  • We are pleased to offer our customers favourable exchange rates on international currency transfers.
  • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
• All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

2024 Starts With A Breakout

Plenty of movement out of the blocks in 2024.

The Pound is looking good against the Euro having been stuck for the past 10 days. Looks positive going forward.

Against the Dollar, the opposite has happened.

The Pound has lost a bit of ground in the last few sessions, albeit the GBP/USD rate hit 5-month highs in the last week of 2023.

I would suggest it’s just a bit of profit taking.

In terms of 2024, we think interest rate cuts are coming.

With 2024 being an election year in the US there will be pressure to cut rates.

We expect the US to lead the way with cuts (late Q1 or early Q2) and as usual, the other central banks will follow the leader.

In general, the Pound has upward momentum heading into 2024.

That’s because a UK recession was priced in by many economists and traders, but consensus has changed.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

I hope you had a great break over the festive period.

We’re back, rested and ready to go.

If you would like to speak to a member of our team, call us on 01872 487 500.

To find out the latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Thursday 4th January 2024 at 11.00

£1.00 GBP = 1.1601 EURO

£1.00 GBP = 1.2705 USD

£1.00 GBP = 1.8863 AUD

£1.00 GBP = 2.0313 NZD

£1.00 GBP = 1.6925 CAD

£1.00 GBP = 1.0805 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• Need to Send Money Abroad?

  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
  • We are pleased to offer our customers favourable exchange rates on international currency transfers.
  • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
• All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

Outlook for Pound, Euro and Dollar 2024

A quick update on the latest trends.

Pound to Euro is trading sideways at the moment, moving in a fairly tight range.

Standing back though, the GBP / EUR rate is a lot closer to the high than the low for 2023.

The trend still looks positive for Pound to US Dollar (GBP/USD), having hit a three-month high last week.

Moving forward, we see 2024 as being a year of rate cuts.

Bear in mind, rate cuts tend to weaken a currency.

Markets expect the US Fed to lead the way (March is pencilled in) and the rest to follow.

We see the ECB joining in soon thereafter, but the UK holding back a few months (2nd half of 2024 perhaps).

The Bank of England seems to be the only major central bank still talking tough on inflation.

Everyone else is hinting at cuts. That is keeping the Pound strong for now.

With exchange rates currently 'stable', you might wish to secure a rate now and rest easy over the festive break.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

With exchange rates currently 'stable', you might wish to secure a rate now and rest easy over the festive break.

You can speak to us on 01872 487 500.

Or to find out our latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Thursday 21st December 2023 at 08.45

£1.00 GBP = 1.1530 EURO

£1.00 GBP = 1.2628 USD

£1.00 GBP = 1.8721 AUD

£1.00 GBP = 2.0209 NZD

£1.00 GBP = 1.6847 CAD

£1.00 GBP = 1.0898 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• Need to Send Money Abroad?

  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
  • We are pleased to offer our customers favourable exchange rates on international currency transfers.
  • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
• All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk